Teroxx expands Cyprus presence with new headquarters in Nicosia

Nicosia, Cyprus. Digital asset provider Teroxx has expanded its presence in Cyprus with new headquarters in Nicosia. Invest Cyprus welcomed the move, describing it as further evidence of the island’s appeal to international financial services and technology businesses.

New headquarters and company activities

Invest Cyprus, the national investment promotion agency, said the new headquarters marked an important step in the European digital asset company’s long-term presence and development in Cyprus.

Teroxx provides specialised digital asset services to private clients, family offices and institutional investors.

According to the agency, the Nicosia headquarters are intended to bring together the company’s international business activities, institutional partnerships, innovation and contemporary culture.

Investment strategy and business environment

Invest Cyprus said the investment reflected Cyprus’ growing attractiveness to internationally oriented businesses seeking a European base with access to the European Union’s single market, a strong professional services sector, international connectivity and an evolving environment for technology and financial services.

The agency also described the expansion as consistent with Cyprus’ strategy of attracting high-value investment from companies that establish substantial operations, create jobs, use local talent and bring specialised expertise to the economy.

Invest Cyprus welcomes expansion

“We are particularly pleased to welcome Teroxx’s further expansion in Nicosia and congratulate Christoph Pliessnig and his team on this important milestone,” Invest Cyprus chief executive officer Marios Tannousis said.

“Their decision to strengthen their presence in Cyprus is another positive indication of the country’s ability not only to attract international businesses, but also to create the conditions for their long-term growth,” he added.

Tannousis also outlined the factors that the agency believes make Cyprus attractive to international companies.

“Cyprus offers a strong combination of advantages, including membership of the European Union, an outward-looking business environment, high-level professional services, skilled human capital and strategic connectivity with Europe, the Middle East and international markets,” he said.